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Stock impact report

Cannabis Watch: Tilray signs first deal to supply pot to Europe out of new Portugal facility [MarketWatch]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Tilray signs first deal to supply pot to Europe out of new Portugal facility Tilray Inc. has signed its first agreement to supply a European Union country with cannabis from its recently opened facility in Portugal, the company announced early Wednesday morning. The freshly inked contract with Cannamedical Pharma GmbH to export $3.3 million worth of cannabis to medical patients in Germany gives Tilray TLRY, -2.10% access to a country with a population and gross domestic product that are twice the size of its home country, Canada. The deal also marks another step for Tilray and its global ambitions, Chief Executive Brendan Kennedy said in a telephone interview. “Back in September of 2015, I set out in search of a license to cultivate, process, package and distribute medical cannabis somewhere outside of Canada. We were the first Canadian [licensed producer] to have a license somewhere else in the world, and that was in Portugal, [which] issued their first THC cannabis cultivation li Show less Read more
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